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Letter "M" » Mark Vitner Quotes
«Consumers are fairly worried about the economy. ... I think the holiday season is going to be ho-hum,»
«I don't know if the gas prices and interest rates will knock consumer confidence down in coming months, ... I think they're more likely to hold it where it is now, which is good, but not great.»
«I think 78,000 is too few jobs to qualify as a soft landing.»
«We're not likely to see reports as good as this the second half of the year. We know gasoline prices picked back up in July. But inflation should stay in basically in check.»
«In the end, we can work this out. It is $200 billion in spending for a $12 trillion economy, ... It's just a matter of how we finance it, not whether or not we can afford to do it.»
«It suggests there could be a profit squeeze in some of the cyclical industries, ... Autos. Household appliances. Anything that has a lot of raw commodity in it. The end user is going to have a hard time passing those costs on to the consumers.»
«The economy may stagnate but it's not going to inflate. The core rate of inflation probably peaked in March.»
«There is no operating manual that says what a neutral fed funds rate is, but the Fed knows that it's higher than 3 percent,»
«We're seeing both the quantity and quality of the jobs being created improving.»
«In the past, that (increase in work week) has pointed to fact we'll see strong job growth in next few months.»